The nation’s top consumer watchdog sued ITT Educational Services
Inc. last week, accusing the for-profit college chain of pushing
its students into high-cost private loans that it knew were likely
to end up in default.

The lawsuit, the first filed by the Consumer Financial
Protection Bureau against a for-profit college, says that ITT
offered its students zero-interest loans to cover the cost of their
first year, knowing that they would be unlikely to repay at the end
of the